29 Aug, 2017

Biggby Coffee Franchise

Biggby Coffee Franchise

BIGGBY Franchising

The Biggby Coffee Franchise is a company that was founded in the year 1994 in East Lansing, Michigan and five years later in 1999, it began franchising. The franchisor has 50 employees which consist of 16 employees in the franchise department. At the present moment, this company has 133 franchises which are spread cross the United States region while there are no units in the Canadian region or any other foreign region for that matter. This is a very successful franchise and the company does not own any units which mean that the franchisees are the heart of the business. The company is still in the process of growing and hence seeking for potential franchisees nationwide. The Biggby Coffee Franchise is a company that has plenty of exclusive territories on hand and this translates to better opportunities for the franchisees. The territory size that a particular franchisee will be given normally depends on the agreement that reflects on the development arrangement of the specific area.

Currently, the Biggby Coffee Franchise has a total investment requirement that ranges from $187,000 to $390,000 with the franchise fee being $30,000. There is also an ongoing royalty fee that is charged to every franchisee which is 5% of the amount made by the business. The term of agreement that this company has usually goes for 10 years before it expires but the franchisee usually has an option of renewing it after the period of time. The company does not offer any financial assistance in terms of start-up capital for the franchisees but points them towards the right direction. On the other hand, in order for franchisees to qualify in becoming a part of this lucrative business, they have to come up with a net worth investment of $400,000. In addition to this, the franchisor will also require the franchisee to have a cash liquidity of $100,000. Besides this, business experience in terms of a passion of success and life skills is also mandatory.

This company operates in such a manner that it only requires 15 employees to run a franchise effectively. The best part of owning a Biggby Coffee Franchise is that absentee ownership is usually allowed. In other words, absentee ownership means that a franchisee can be only an owner and not involved in the day to day running of the business. Training is also provided for 4 weeks at the headquarters, 3 weeks at the location of the franchise and on-going training of 1 day per every quarter.

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